Supreme Court Sets Monday Hearing on Sahara Salary Pleas, Application to Sell 88 Properties to Adani
The bench seeks responses from the Centre as well as SEBI by the hearing, with an amicus to file a full inventory of 88 assets plus salary arrears.
Overview
- A bench led by Chief Justice B. R. Gavai, with Justices Surya Kant and M. M. Sundresh, will take up the employees’ interim petitions on November 17.
- Staff members say they have gone without pay for months and are seeking immediate disbursal of pending salaries.
- Sahara India Commercial Corporation Ltd has applied for court permission to sell 88 prime properties to Adani Properties to raise funds in the refund matter.
- The Supreme Court has added the Union ministries of Finance and Cooperation as parties and has sought responses from the Centre and SEBI by November 17.
- Amicus curiae Shekhar Naphade has been directed to compile detailed information on the 88 properties and to examine workers’ arrears for consideration at the next hearing.